Women Enterprise Fund Kenya (WEF)
WEF Kenya: established 2007. Direct lending KES 50,000-500,000 for groups, up to KES 100,000 individuals. Intermediary lending via FIs. 8% pa reducing balance. Cumulative KSh 21.6bn to 120,624 self-help groups and 1.88M individuals. 93.3% recovery rate.
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Description
The Women Enterprise Fund (WEF) was established in 2007 under Legal Notice No. 147 to provide affordable loans to Kenyan women entrepreneurs. The fund operates through two channels: direct lending through constituency WEF committees (KES 50,000 to KES 500,000 for groups, up to KES 100,000 for individuals) and intermediary lending through partner financial institutions. Interest rate is 8% per annum on a reducing balance. Since inception, WEF has disbursed cumulative loans of KSh 21.6 billion to 120,624 self-help groups and 1,882,252 individual women. WEF has the highest recovery rate among Kenyan affirmative funds at 93.3%.
Focus Sectors
Women Entrepreneurship, MSME
Source: Government of Kenya
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